What is Asbury Automotive Group's contract assets?

Asbury Automotive Group (ABG) reported contract assets of $66.7M in Q1 2026.

How has Asbury Automotive Group's contract assets changed year-over-year?

Asbury Automotive Group's contract assets increased by 20.6% year-over-year, from $55.3M to $66.7M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Asbury Automotive Group ABG Contract Assets

Contract Assets at other companies

AutoNationAN

$23.7M+3.0%

Group 1 AutomotiveGPI

$67M+4.9%

Segments

By product

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Finance and insurance, net$11.5M-8.0%

Other financials

Income statement

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Revenue$4.1B-0.9%

Gross profit$726.9M+0.4%

Operating income$193.9M-17.2%

Net income$187.8M+42.2%

EPS (diluted)$9.87+47.1%

Balance sheet

See full

Cash & equivalents$25.3M-79.7%

Total debt$4.2B+21.4%

Total equity$3.9B+8.5%

Total assets$11.3B+10.6%

Cash flow

See full

Operating cash flow$223.2M-0.8%

Valuation

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Market cap$3.71B-13.1%

Profitability

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Gross margin17.1%+0.1pp

Operating margin4.6%-0.1pp

Net margin3%+0.6pp

FCF margin4.4%—

Returns & leverage

See full

Return on equity14.5%+2.6pp

Debt / equity1.1×+0.1×

Current ratio0.9×-0.3×

Where this comes from

Reported directly by Asbury Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Asbury Automotive Group’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Asbury Automotive Group's contract assets?: Asbury Automotive Group (ABG) reported contract assets of $66.7M in Q1 2026.
How has Asbury Automotive Group's contract assets changed year-over-year?: Asbury Automotive Group's contract assets increased by 20.6% year-over-year, from $55.3M to $66.7M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.